Monero price holds near USD 590 as hashrate nears 2026 highs
Published on 11/02/2026 at 07:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero network strength meets market tests
- Monero's network hashrate reached 7.17 GH/s in an October 27 analysis by AMBCrypto.
- The four largest mining pools accounted for 75 percent of the hashrate, according to data cited by AMBCrypto.
- Investing.com displayed XMR at USD 590.022 at 07:33 Berlin time on November 2, with a market capitalization of USD 11.14 billion.
- Monero's official October 16 software release fixed DNSSEC validation and other bugs.
Monero price was displayed at USD 590.022 on November 2 at 07:33 Berlin time, according to Investing.com. The page listed a market capitalization of USD 11.14 billion, 24-hour volume of USD 205.28 million, 18.82 million XMR in circulation and a market ranking of 12. The source did not provide a verifiable prior UTC daily close in the retrieved data, so no UTC-based daily percentage change is assigned here.
Hashrate strengthens, concentration remains
Monero's network hashrate reached 7.17 gigahashes per second on October 27, approaching record levels recorded earlier in 2026, according to AMBCrypto. The analysis cited MiningPoolStats data showing that the four largest mining pools controlled 75 percent of the network's hashrate.
Pool concentration does not mean that the operators own all of the underlying mining hardware. Individual miners can redirect computing power between pools. It does, however, make the distribution of coordinated mining activity a relevant security consideration for investors. AMBCrypto identified USD 600 to USD 650 as the main short-term supply zone and said a weekly close above USD 650 or below USD 560 could influence the broader trend.
Software maintenance and FCMP++ watch
On October 16, the Monero project released version 0.18.5.4, called Fluorine Fermi. The official release announcement describes the update as a minor bug-fix release. It specifically lists a DNSSEC validation fix for checkpoints, blocklists and update checks, as well as a change restoring string-to-integer conversion in JSON requests.
The next major development theme is FCMP++, a planned privacy upgrade. A 24/7 Wall St. analysis reported that the upgrade was still in testing and linked its appeal to a larger anonymity set. That status matters: development progress is not the same as activation on the live network.
Investor context
The current setup combines stronger measured network computing power with an unresolved distribution question and a software roadmap that remains unfinished. The Monero price is therefore being assessed alongside network security and implementation milestones rather than on price momentum alone. The retrieved market data also showed a 52-week range of USD 277.507 to USD 798.868, underlining the asset's volatility.
More Monero coverage is available on the Monero topic page.
